(BW) FilesAnywhere.com Announces an Investment by Mark Cuban

Business Editors, (c) 2006 Business Wire

Published 2:25 pm, Thursday, June 22, 2006

DALLAS--(BUSINESS WIRE)--June 22, 2006--FilesAnywhere.com announced today an investment by Mark Cuban to own majority interest in FilesAnywhere.com, a leading Internet backup service and online file collaboration web site. The first round of the investment was completed earlier this year. Financial terms of the deal were not disclosed. The company remains privately held.

"I'm excited to be a partner in FilesAnywhere," says Mark Cuban. "The market for corporate and home remote backup is growing very, very quickly. FilesAnywhere is well positioned to be the feature and functionality leader in this space."

FilesAnywhere.com provides automated PC backups to web, together with simple online storage, folder sharing for groups and advanced features, which can all be accessed using any standard web browser. FilesAnywhere has received praise from several well-known publications, such as Ziff-Davis/PC Magazine's 4-star review, PC Today's #1 choice for online backup, and ConsumerGuide's Best Buy award. FilesAnywhere has recently experienced rapid growth in online PC backup plans for consumers, and in workgroup plans for corporate users who rely on FilesAnywhere to work on files together online from multiple locations.

"We are thrilled about Mark's involvement and the vision he brings," says Tim Rice, CEO of FilesAnywhere. "Mark's investment and his leadership give FilesAnywhere more traction to expand our data storage infrastructure, enhance our service offering with more capabilities, and continue increasing our share of this rapidly expanding market."

About FilesAnywhere

Officeware Corporation (d/b/a FilesAnywhere) a privately owned "C" corporation headquartered in Dallas, Texas. The company was founded in 1995 as an information systems consulting firm. The company launched FilesAnywhere.com in July 1999, one of the original online file storage providers.

FilesAnywhere Web Accounts start at $3.95/month for simple file storage. The WebAdvanced plan includes scheduled automatic PC backup features, WebFolders and other advanced features for $8.95/month at 2GB storage. Users can upgrade the file storage space online at will, up into the hundreds of gigabytes. The 5-user 5GB Workgroup plan costs $25/month. A FilesAnywhere Private Site with custom branding on the main pages is available starting at $99/month for 10 users. No-cost trials of all plans are available via the FilesAnywhere.com home page.